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Initial claims for unemployment insurance due to mass layoffs in January 2008

February 28, 2008

In January, employers took 1,438 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month. Each action involved at least 50 persons from a single employer; the number of workers involved totaled 144,111, on a seasonally adjusted basis.

Initial claims for unemployment insurance due to mass layoff events, seasonally adjusted, January 2006-January 2008
[Chart data—TXT]

The number of mass layoff events in January 2008 increased by 5 from the prior month, while the number of associated initial claims increased by 2,361. The number of initial claims due to mass layoffs has increased for five consecutive months.

In January, 427 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 55,488 initial claims. Over the month, mass layoff activity in manufacturing decreased by 35 events, and initial claims decreased by 2,620.

These data are from the Mass Layoff Statistics program. To learn more, see "Mass Layoffs in January 2008" (PDF) (HTML), news release USDL 08-0260.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Initial claims for unemployment insurance due to mass layoffs in January 2008 on the Internet at http://www.bls.gov/opub/ted/2008/feb/wk4/art04.htm (visited November 24, 2014).

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